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In large pot, heat oil. Oil is ready for frying when you put a pinch of flour in the oil and it sizzles. Separate dough into biscuits, using a 1-1/2" round cutter, cut out center of each biscuit, reserve holes. Carefully slide donut rings, in batches, into oil. Cook, turning once, until golden and puffed, 2-3 min per side. Use a slotted spoon to transfer donuts to racks. Cool completely.

In microwave safe bowl, microwave frosting on high in 15-second intervals until melted. Dip tops of donut rings into frosting, place on rack, sprinkle with flaked coconut or jimmies. Let stand until set, about 20 min.

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Notes

These are so easy, but delicious. You can use all kinds of different toppings and frostings, just use your imagination.